Foster Wheeler Wins Contract for EPC Contract for PDH Unit at Mont Belvieu, TX

Foster Wheeler AG FWLT announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction (EPC) contract by Enterprise Products Operating LLC (“Enterprise”), a subsidiary of Enterprise Products Partners L.P., for a propane dehydrogenation unit (PDH) and associated power, utilities and infrastructure at Mont Belvieu, Texas, U.S. The contract value was not disclosed. An initial release of engineering and procurement services, made under Foster Wheeler's Master Services Agreement with Enterprise, will be included in the company's second-quarter 2013 bookings. The balance of the EPC work will be booked with the execution of this EPC contract and will be included in the company's third-quarter 2013 bookings. The construction phase of the project will be executed through Foster Wheeler's combined use of direct-hire labor and subcontractors.